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- W2802258367 abstract "Abstract The arrival of Trump in the White House does not augur well for the long-run prospects of the US economy. The protectionism that is gathering steam under his presidency may yield some short-term gains, but at the detriment of the long-run. Examining the discontent among ordinary voters that brought Trump to power, this paper argues that this should be treated as an opportunity for a major regulatory reform. With the advance of digital technology, we have increasing returns to scale, and that, in turn, is making our antitrust laws backfire and hurt the well-being of ordinary people, thereby sowing discontent. The paper builds a simple model to illustrate this and makes the case for revoking the older antitrust laws and replacing them with some simple profit-sharing rules at the level of the firm, and the economy." @default.
- W2802258367 created "2018-05-17" @default.
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- W2802258367 date "2018-05-01" @default.
- W2802258367 modified "2023-09-27" @default.
- W2802258367 title "The rise of Trump and an agenda for regulatory reform" @default.
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- W2802258367 doi "https://doi.org/10.1016/j.jpolmod.2018.03.007" @default.
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